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Peng Company is considering an investment expected to generate an average net incorne after taxes of $2.400 for three years. The investment costs $48,900 and

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Peng Company is considering an investment expected to generate an average net incorne after taxes of $2.400 for three years. The investment costs $48,900 and has an estimated $9,900 salvage value: Assume Peng requires a 5% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation. (PV of \$1, EV of \$1, PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.)

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